Acquisition includes ClimateMaster, IEC, ClimateCraft, and ClimaCool
May 12, 2016
NIBE Industrier AB of Sweden and LSB Industries Inc., Oklahoma City, announced that they have entered into a stock purchase agreement by which NIBE will acquire 100 percent of the outstanding shares of The Climate Control Group Inc. from LSB for a purchase price of $364 million.
He’ll represent the national interests of the geothermal heat pump industry
May 5, 2016
By unanimous vote of its directors, the Geothermal Exchange Organization (GEO) has named Joe Parsons of Earthlinked Technologies as its new chairman of the board for 2016-17. He has served on the GEO board of directors since May 2014.
GHPs may not often be a consumer’s first choice for heating and cooling, but many contractors remain dedicated to the technology, and they’re still finding consumers who want GHPs — even in areas where their benefits are not known as well.
The New York City Council voted unanimously to pass a bill that encourages the installation of geothermal energy and requires that geothermal heat pumps be considered for all new construction and retrofits of city-owned buildings.
Organization solicits information about outstanding geothermal installations of all types
February 15, 2016
GEO’s top priority during 2016 will be convincing the nation’s leaders to extend the income tax credits for residential (IRS Sec. 25D) and commercial (IRS Sec. 48[a]) GHPs that are set to expire at the end of the year.
If one renewable energy gets its tax credit extended, they all should. Let the customers decide what works for them. If you are selling geothermal products, it might be a good time to contact your representatives.